Tuesday 6 January 2015

30-Year-Old Son Allegedly Killed His Millionaire Father Over Allowance Cut

Thomas Gilbert Sr., a millionaire hedge fund founder from Manhattan, was discovered dead in his apartment on Sunday after allegedly being shot in the head by his son over a monetary dispute.

A source said that the elder Gilbert "had been giving [his son] $2,400 a month for rent and $600 for spending money, and he was cutting that to $400 a month for spending money."

30-year-old Gilbert Jr. arrived at the Beekman Place apartment on Sunday and allegedly ordered his mother, Shelly, to leave the building to get him a sandwich. When she returned, she discovered her husband's body with a handgun nearby.

"My husband's been shot by my son!" she told a 911 dispatcher.

Gilbert Sr., 70, founded Wainscott Capital Partners in 2011. The fund has an estimated $200 million in assets.

The suspect, a graduate of Princeton University, fled the scene and was taken into custody by police on Sunday night.

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